If your economics class were graded on a curve and everyone agrees to study only half as much, everyone would get the same grade that they otherwise would earn. You, however, will earn an A if you study more than the others, a C if you study the same amount as others, and an Fif everyone else studies more than you. You don't like studying, but you'd rather study and get an A than get a C without studying, or study and get a C than get an F without studying. If everyone else cuts back their studying, what is it in your best interest to do? O not study and get ac study and get an A O randomize over studying and not studying O drop the class
If your economics class were graded on a curve and everyone agrees to study only half as much, everyone would get the same grade that they otherwise would earn. You, however, will earn an A if you study more than the others, a C if you study the same amount as others, and an Fif everyone else studies more than you. You don't like studying, but you'd rather study and get an A than get a C without studying, or study and get a C than get an F without studying. If everyone else cuts back their studying, what is it in your best interest to do? O not study and get ac study and get an A O randomize over studying and not studying O drop the class
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:If your economics class were graded on a curve and everyone agrees to study only half as much,
everyone would get the same grade that they otherwise would earn. You, however, will earn an A if
you study more than the others, a Cif you study the same amount as others, and an Fif everyone
else studies more than you. You don't like studying, but you'd rather study and get an A than get a C
without studying, or study and get a C than get an F without studying. If everyone else cuts back
their studying, what is it in your best interest to do?
O not study and get a C
O study and get an A
O randomize over studying and not studying
O drop the class
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